On-line life insuranceBy Randell Tiongson on August 18th, 2015
38 million Filipinos are now regular internet users, according to a report by the Internet and Mobile Marketing Association of the Philippines (IMMAP). With the increasing number of Filipinos online, it’s important that services are available online as where so people can avail of them anytime, anywhere, at their convenience.
Over the last few years, local companies have been making strides towards giving access to their services online, such as retailers, car insurance providers, banks, and others.
In light of the need to be online, AXA Philippines launched AXA iON or AXA Insurance Online, the country’s first online insurance store, last September. Their aim is to make insurance available to people aged 18 to 45 who may not have time or may be too intimidated to go into a brick-and-mortar insurance office, or are out of the country and can’t apply otherwise, such as OFWs.
AXA iON offers four different plans, to present savvy online consumers with basic products for securing their financial futures: Savings Exentials, which is like a levelled-up savings account with a guaranteed payout; Academic Exentials, for saving up for your children’s education; Life Exentials, which pays out cash for up to 60 months in case of your death or terminal illness; and Health Exentials, which covers you for 35 critical conditions or illnesses.
Customers can pay their premiums via Visa or MasterCard credit cards, through an auto-charge facility.
The whole process is online, meaning anybody can apply from whatever device they’re using. Simply visit axaion.com.ph, fill out the online application form, and pay using your credit card. No need to submit any forms or talk to agents – although a representative will call you after your application to confirm the information you submitted.
If you’re still more comfortable talking to an agent, though, you can use the AXA iON platform as a starting point to explore the options available to you, and then you can go to an agent with more questions to help you choose the right insurance coverage.
This online application is also good for our OFWs, so that they can safeguard their earnings and provide for their family without having to fill out a million forms and wait very long for the process.
Hopefully, more providers follow this lead. When the application process for vital financial tools such as life insurance and health insurance becomes easier and more convenient, more people will be insured, and will be on their way towards financial freedom.
Your life is your greatest asset. Manage your risks by making sure you’re adequately insured.